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dealing with fiscal cliff and debt ceiling and sequestration -- the average family in this country lives with debt. quite a bit of that. they do not look at that as a bad thing. it is what enables them to own a home. to send a kid to college. to buy a car. to start a business. to have a credit card that lets them go out to dinner once or twice a month. go on a family vacation. i do not think that makes them take. it makes them live their lives responsibly. they have jobs. to say, that is a four letter word. you can't turn that into chileans. his whole thing about job creators, that is fine. republicans on that space now. later contentment cannot most americans right now are neither job creators nor jobs acres -- job seekers. the vast majority of households in this country are jobholders. not job creators. what was the message exactly? i do not know, and i paid attention. i look silly what the message should be to them. -- i know what the message should be to them. my household has two or three jobs, we are not worried about losing our jobs. the jobs bill longer enough. when you are a kid
not serious in washington, d.c. when then senator obama voted against racing the debt ceiling he said he was doing so because the national debt was at an outrageous $8 trillion. i want to quote the president saying $8 trillion, that's trillion with a t. it is now over $16 trillion and climbing. he's not worried about it at all. indeed he calls it progress. you remember his campaign slogen. he says it is forward. i've got news for the president. if washington's debt is going forward, america's economy is going backward. instead of magging government we need to lead america to a place where she can become the land of opportunity. where she can become the place of growth and opportunity. we should put all of our eggs in that basket as conservatives and republicans. we need folks to stop this president from taking america so far off the ledge that we cannot get back. we must stop the bankrupting of our federal government. but we as conservatives must dedicate our energies to growing the economy to showing younger generations on winning the future. we need to grow the middle class. that doesn
have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to president clinton, how are those seats sold out? >> by protocol and tradition, all former presidents are invited, of course. both president bush, 41 and 43 the client to come. i believe president carter is not attending, but presi
of the disappearing debt ceiling, ezra klein is here to solve it. and yes, george takei is here to solve whatever he wants to solve. and wayne lapierre, in his supreme court argument, without ever mentioning that same supreme court justice disagreed with wayne lapierre on the second amendment, coming up. e ne prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold symptoms without raising my blood pressure. coricidin hbp. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> coming up, john boehner's miracle. he actually made the
, not less, into the economy. a three-month debt ceiling increase does not do that, especially if it's tied to -- if it's conditional, that's not clean. >> congresswoman, thanks for coming in. or madame chair. >> both. >> any title that you have. >> thank you very much. >>> militants on the rise in north africa. some peexperts say the threat t the u.s. could be greater than osama bin laden's al qaeda. stand by. hutchison ] friday night has always been all fun and games here at the hutchison household. but one dark stormy evening... she needed a good meal and a good family. so we gave her purina cat chow complete. it's the best because it has something for all of our cats! and after a couple of weeks she was part of the family. we're so lucky that lucy picked us. [ female announcer ] purina cat chow complete. and for a delicious way to help maintain a healthy weight, try new purina cat chow healthy weight. >>> algerian officials say five people still are missing following the end of that dramatic hostage crisis at a gas plant. 37 hostages died in that ordeal, including three americans. >> an
. and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish with the majority in the house and the limits in terms of the public support for their position. you know, one of the things, chuck, the president used the campaign to do was to try to lay out in front of the public the competing visions for approaches to economic growth and deficit reduction. he feels like he's been vindicated, and i think republicans in the votes that jared was just talking about str recognized he has a point. >> yeah, but, john, it all boils down to there's a very different vision when you're talking about a government that takes about 23%, 24% of gdp and one at 20%, 21% like budget chairman ry
highs and we are watching washington, dc, especially today the vote on extending the debt ceiling. the silicon valley index looks higher. how do beer flavored crackers sound? those are the hottest food friends in 2013 on display at the winter fancy food show at mascone center including peanut brighter spiced with chili and oil and cherry pits were other offerings. >> broccoli tree? >> my kids have cinnamon steak. >> thank you very much, jane king. >> interesting combinations for food. >> what is on the menu weather-wise? >> on the menu? not so spicy, with the southeast waiting for the sun to rise. here is the cloud cover, and you can see we have haze out there and pollution is possible, this is "spare the air" day and we have more moisture near so temperatures are in the 40's and 50's. live doppler 7 hd still showing our best radar run out over the ocean and light radar run so the possibility of sprinkles in the north bay but we have not seen anything on twitter or the national weather service so we assume it is a scattered sprinkle or two so we will wait for mid-morning for more
's not big numbers, it gets across the the government is doing crazy things. on the debt ceiling, but the proposal. revenues of 18% of gdp instead of 25. put some real things on the table. let the democrats back. david: finally, financial regulation. that clearly is going to be costing a lot of folks out there a lot of money. all the details have not been filled then. he will be the one to fill them in. >> it's killing small banks, and they're talking about lending to small and medium-sized businesses. regulators at banks today are making it clear you have a difficult time making those kinds of loans. easy to buy government bonds. they're taking money from the private sector, financing the government, starting the job creators of our economy. david: not very efficient. tomorrow at 11:00 a.m. on fox news. overview. >> coming up, building a stronger portfolio by adding some real estate. find out where someone with a multi-billion dollars invested in real estate is seeing opportunity. and up next, expected of those. the prime minister of haiti tells liz the import rules the private
one thing at one time. it's not as if you can do gun control and immigration and the debt ceiling. guess what, we're paying these people, they have tons of staff, they can do more than one thing. the question is not do you have political capital, the issue is, do you have political courage? that's what you need to see more from politicians, courage, and not so concerned about whether or not they'll get re-elected. >> senator feinstein obviously saying it's an juuphill battle, but she pointed to what the voters want. 54%, 44% do not support. obviously, by party, if you broke that down, it could be different. but, again, this question to you. if there is the will to do not a lot on guns, but something, is this the something? >> i think absolutely not. and i think it's really important that you noted that statistic early on. but another thing to note is a lot of the folks who answer that question don't necessarily know what an assault rifle is. these assault weapons are designed essentially by cosmetic features that the gun has, like the kind of grip that the gun has. these are not m
should do what darrel isa would require a $1.7 trillion increase in the debt ceiling. darell should be candid in passing the ryan budget. >> in terms of wall street. the first vote is tomorrow. it is a vote to extend or increase the borrowing limit. but that is an action that wall street will look at in the house. first of all, you are right. and wall trestreet wants us to the fiscal progress. but, to mr. welch's point american families don't wait ten years to balance their budget. they don't call that extreme they go, that takes too long. we have to let them know that it is going to be a challenge to get to a ten year plan but we can do it if we work together. that is the message coming from congress right now. let's work together because if we don't i have little kids, my kid rz going to pay for this debt. they are the victims of this policy. >> i'm agrees with it. but americans pay their bills. they don't threaten to buy a freezer to stiff the payment because they are over the limit. >> that is what we are doing right now. >> before we get to the next generation and the generatio
now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmicknd saia 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling after a strategy session last week. worried that they have lost the public debate, republicans were clearly trying out a new message tod. >> balancing the budget over the next ten years means we save the future for our kids and our g
, will have to get beyond this fiscal crisis and the debt ceiling debate. he can only do so by offering an exchange for, in exchange for any kind of new revenues to help balance books and increase the debt, some form of entitlement reform, some kind of curb of the growth of spending for medicare. no, for example, president obama said today and these are ringing in the ears of conservatives, social security does not make us a nation of takers. you heard in the campaign about the makers and takers. they freed us to take make the country great. no sign he is prepared to pare down on the programs or cut them. he made clear in the speech between lines he will take a partisan stance on these issues that don't, that isn't going to breed consensus. not going to be able to make a centrist climate change plan pass the congress, a centrist immigration reform plan or any kind of gun control that republicans would ever vote for. shepard: it is astounding. introductions for lunch. let's listen. statuary hall. shepard: the vice president came in with his wife, dr. jill biden. then, they stick to scrip
to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a
and taxes have something to do with it. coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. ll your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged
with it. coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact,
into another round of negotiations, maybe we won't, on the debt ceiling. maybe we go over one of them. you have to take that into account. how does that change your odds taking capability as you look at the markets? >> you do have to take it into account. no question. maybe we will get beyond some of this and the first half of this year. at least enough to allow us to look beyond it. i think between now and then, no question we will be dealing with these deadlines coming up in the next few months. connell: do you still buy stocks? our stocks at the place be? it will be very interesting to see what happens with interest rates. you talked about that accommodative federal reserve that is there. there will be this push / pull on that side of it. >> i do think market rates will be drifting higher. the ten year note yield will be around 2.25. i think that will pull people off to the sidelines into the housing market. they will not rise so much that we will derail or anything. a little bit of something to watch, but not a real problem. connell: it has been a good run. david, thank you. david joyce. >>
we were going to fight raising the debt ceiling until we got dollar for dollar spending cuts now we're going to hold a vote that is going to be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature issues. and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are goi
stocks, overall, will head up. cheryl: there is a lot happening. with the big vote on the debt ceiling extension so short-term. it will give lori and melissa a lot to do in the next few moments. lori: thank you. good afternoon. i am lori rothman. melissa: and i am melissa francis. the extension of the debt ceiling. will it make the markets feel any more confident? lori: in the meantime, lou dobbs is here. secretary of state hillary clinton testifying on the benghazi attack. melissa: is the economy and low beer? we have an exclusive interview with the american trucking corporation bill graves. lori: the big apple shrinking? the new trend of micro- apartments in manhattan. 250 square feet. melissa: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: i saw pictures of those apartments, i would love to buy one. they actually look very cute. let's take a look at some of the earnings related names. let's start at mcdonald's. it is up about a half% here. they expect the management -- that is not
. now, the question is, is this that time? i don't think delays the debt ceiling issue for three months, for punting, which it absolutely is, is the worst thing in the world. here is why, the economy is growing, housing is recovering and we're going to get a little bit of relief here. as the economy grows, we hope that-- we're going to-- >> adam. >> the problem that you have adam, as the economy is growing, and we're coming slowly out of this recession, you've got more taxes coming, payroll taxes are going up and you're going to have the higher rates, ben says is great, rich need to pay more, but basically keeps the lights on for three days and by the way, then you have obamacare taxes. >> and then here is the thing, gerri, there's never the right time. listen, it's not about punting right now. this is an extension -- remember the deal before with the debt ceiling, supposed to be the ultimate deal we'd never have to punt again. this leads to another punt, another punt and things are getting better let's not do it now. things are getting worse, let's not do it it now. and it's raining ou
the cliff on the debt ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a democracy, people push policy forward not the politicians and so that's a lesson that he has drawn from the first term. that said, as far as i can -- as i know, and as i know him, his door is always open to people who are willing to work together to solve problems and one hopes in the next four years there will be a spirit of cooperation. understand we're never going to agree on anything. that's why we have two parties. in order to move the country forward we have to move together. >> david axelrod, always good to see you. >> good to see you, savannah. >> i know you'll be watching. we will have more on
of the leverage that conservatives have. you didn't want to fight over the debt ceiling because you thought you can't do tha you have to pay the government's bills. do you think this fight over priority is worth shutting the government down? >> we're not interested in shutting the government down. what happens on march 1 is spending goes down automatically. march 27 is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, grow the economy, create economic opportunity. that's the kind of debate the country deserves. by the way, if we keep going down this path, we will have a debt crisis. it's not an if question. it's a when question. this isn't a republican or democrat thing. it's a math thing. we have to get serious with this problem if we want to save people from the problems that result from a debt crisis. >> let me challenge you from a critic further on the left. a lot of the centrist economists may disagree with you in some areas but agree about the
voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's economy is going backwards. instead of managing government, it's time to address how we can make america to please her she can once again become the land of upper charity, a place of opportunity. we should put all of our eggs in that basket conservatives and republicans. research any folks in washington d.c. to devote themselves from taking america so for the lechery cannot give back. we must do all we can to stop what is rapidly becoming the bankrupting of our federal government. we as conservatives must dedicate energy and efforts to bring america, to showing the younger generation south american in the future. if more go
others into not go increased our way or the debt ceiling. >> we will for this election cycle. >> john: but most of them lost. >> true. it is not easy to sign. it is hard to say you not increase bar wing are spending. john: therefore i pledge of unauthorized refund in new programs without offsetting cuts. i will not vote for any budget that is not balanced? that seems unrealistic. if you just slow the growth you could get a sadr trouble it is not unrealistic. >> the budget is not a blueprint. but the senate has not passed in the last 3-1/2 years. it is less relevant than the other two. >> it be a fiscal conservative senator but at least now he is on the record if he votes for new spending programs, he can be held accountable. john: of fox news poll asks government spending is out of control or managed carefully? sixty-two% said out of control but this year, 83%. why do people think that? >> if you ask mr. doo audience that but it. >> who your representative peter. but if you are spending 10,001 the need to do? the average person does not ask for the $5,000 raise but they will say i nee
have your battering rams ready for the president? the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12 years as a
a deal on this. there will be a lot of pressure to do that. republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the economy moving. we have to keep all eyes on that and continue to have growth and jobs. there is concern for the white house. >> ryan took one of his famous charts on "meet the press." you can tell immediately what he thinks the problem is, more spending cuts are needed. paul ryan says increasing revenue is off the table for now. the gop, the tax hikes during the fiscal cliff stuff. do they do it again? >> he was also asked and side stepped whether or not you could close loopholes. it is another way to get revenue. that is what david gregory asked him. he had a nonresponse response to that. there are other ways to get revenue than acros
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was to do an increase in the debt ceiling, in exchange for cutbacks in so security cost-of-living adjustments. john boehner and republicans decided they want to have an argument over the debt ceiling, because of the new year we will be better positioned. they quickly have realized that is not going to be the lever they thought it would be. host: you have covered three presidents, clinton, bush, and now president obama. people say the political divide between these branches is stronger now than it has been in years. you agree or disagree? guest: i absolutely agree. host: why/ guest: i think it is a building that has been taking place frankly since the past couple administrations. it was the war in iraq. for the republicans, the government spending. it is also the election system and the way we run our primaries. we have a more ideological- purified house of representatives than we have had in a very long time. that is because some people would argue redistricting, as well, which in the past election both parties to it. in the states where democrats are not in control they
way of doing it. >> well, i love the idea, i think the only problem with the suspend the debt ceiling and make it go away, is a three-month part, suspend it. but the no pay, is getting misreported. i imagine this is part of the 27th amendment you point out, it is not no budget, no pay. if they don't pass a budget they don't get paid until the final day of the session. it is no budget, you get paid later. but you get all of your money kept in an escrow account, all handed to you on the last day of the session. it is not the same as no budget, no pay. just one more thing about the bill that is not quite on the level. >> and it is not actually a budget they're talking about. all they're talking about is each body talking about passing a resolution, which is not a law, and doesn't change anything. it is just a resolution, a promise to do something in the future. and the way they have written it, apparently ezra, if the senate passes one, then okay, the senate can get paid. if the house passes one then house members can get paid. but the 27th amendment very simply says no law varying the c
't simplify it and say, stop spending. the problem is that the debt ceiling has nothing to do with the full faith and credit of money that's already spent. and that we have plenty of time to talk about taxes and spending, if we talk about concurrent resolutions, if we were talking about sequestration. if what you're saying is that if there's a budget that i have to vote yes or no on, and one budget says that one way to close and reduce the deficit is to go after the people that are the poorest, the most sick and the oldest and call that entitlement cutbacks, and if i don't vote for that, then it means that the government is not going to pay me, i can go home very easily and tell them a bad budget is worse than no budget and once again, we are holding the spending cuts that a will the -- a lot of people want that should be negotiated hostage. perhaps we've not a three-month -- we've got a three-month reprieve. but the fact remains this is holding up the president and our country from getting on with what we should do, when the impact, fiscal impact of this on our country throughout the world
the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit vote is either chamber of congress fails to pass it, the members will not get paid till they either pass a budget or until the 113th congress expires at the end of 2014. >>> the big question for football fans around here is, are you going to the super bowl? >> for most, the
, and expiring continuing resolution that is funding the government, and the debt ceiling. they will consume congress because republicans and democrats do not agree on how to resolve them. he is going to leave the president tied up. you have to do with these things. immigration and gun control and gay marriage our wish list items. immigration is a big issue. that will be very hard to move something that is progressive or liberal with a divided congress. we all know that an assault weapon ban will not get to the house. it is possible they will get from checks. it may be scaled back urgent of what the president talked about yesterday. in full-scale he will not he able get an assault weapons ban through. that probably will not happen. the spending issues, he will have to deal with. choices will be made. host: we want to get you involved. you can send us a tweet. in the immediate term tomorrow, house republicans have decided what's on the debt ceiling? guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without h
on the debt ceiling debate. >> america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. >> america has a debt problem and a failure of leadership. americans deserve better, and therefore intend to oppose the effort to increase america's debt limit. senator barack obama, march 16, 2006. >> it is not good for obama. he was also -- he also knew that his vote would not make a difference. >> come on. he said what he said pier do not cover for him. >> people do different things at different times. >> there is a deeply depressing column by david brooks in "the new york times" that says the era of the grand bargain, as he calls it, is over. there was a feeling over the past couple of years that both sides would cut taxes and raise entitlements and get a grand bargain. that seemed to be a lost opportunity. obama seems to be moving away from it, congress may hav
ceiling, which i said they need to do to -- what are they buying with the few months? not bad forcing the senate to address the budget but what they are not doing, we are not having a national discussion of the medicare numbers we were talking about. we are not having a diagnostic consensus in this country. that, my god, we are going broke which gets you -- they do not go --. >> and i say one thing? the word was used "transformational" and doug said he wants to transform into more of a liberal president. where he ought to be, and we are political insiders association i would give him this political advise, he wanted to be a ronald reagan. he wanted to a transformational president. just as only nixon could go to china, only an african-american re-elected democratic president we can be the guy to take the entitlements and fix them for the long term but he doesn't want to. >> he wants to expand them and transform america. >> they will be bankrupt. >> johnson and fdr got circumstances percent of the vote. >> the new mantra, is debt doesn't matter. >> someone else's problems. >> we will ta
. and more instance show downs are looming. one example the debt creel and controlli -- debt ceiling and what americans describe as out of control spending. what do key republicans take with the attitude toward congress at this point? >> to get real solutions president obama needs to understand what will pass in the republican led house. it will also be acceptable to him. lawmakers tend to be unhappy when the president goes around them. they called on mr. obama to do better. >> he speaks in general terms likes the executive order approach a whole lot better than the legislative approach. you can't get all that foreign with executive order. you have to legislate and you have to legislate realistically. you have to realize you don't control the entire congress. >> republicans don't like that the president is converting his campaign apparatus into a purpose that helped him in his second term. they are thinking that is probably not a good sign in working in a bipartisan fashion. >> one area where they do not agree at all is over the budget. it>> it has been a source of problems when they work on
ceiling as it is called. okay wednesday they are going to do that vote. the senate pass a budget with spending cuts in it. that is when the kum ba yah the happy talk here on capitol hill may go back to a little more firstier talk. shep? mike emanuel on the hill tonight. perspective what lies ahead for president and the congress. dana perino the white house press secretary for president george w. bush. that's coming up from the journalists of fox news on this monday fox report from the nation's capitol. inauguration night. martin luther king jr. day. it's great to have you with us. just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it again -- watch me. just like that one... [ male announcer ] the durability of the volkswagen passat. pa down something he will be grateful for. good arm. that's the power of german engineering. ♪ back to you. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full se
really. they just put off the debt ceiling problems down the road. sequestration still happening on march 1, that hasn't gone anywhere, yet this study says 57% of small business owners expect the financial situation to be buried to so much good. both are the same number of jobs at their company makes your year overall as there were last year was to me is very optimistic. but they just happen to not be firing anyone. if that optimism? >> what is happening, you technically feel better, but you still have eye problems. optimism is not here. a look at the projections and say we can make this happen. we're reminded we have to keep for a few weeks longer. melissa: you have to have a lot of courage, and perhaps things have been tough for so long it is kind of the new normal, the new year, maybe they are marginally better or a lot better, i don't know. am i getting anywhere? >> you're right, have to be optimistic optimism. melissa: talking to one of the fundamental problems which is people being overeducated for the job they have. almost everybody has a bachelor's degree of some type, you can get
on the debt ceiling. congressman chris van hollen takes us into the funny numbers he had to push. >>> if you want another concord bridge, i got some buddies. >> ted nugent is assembling a moron militia. we'll show you what he is going to be up against. >>> the transaction tax. americans pay it every day on everything we buy. but why doesn't wall street have to pony up? >>> and the latest on the quest for filibuster reform. will the senate actually change the rules and get something done? senator bernie sanders with us tonight. >> good to have you with us tonight, folks. thanks for watching. if you wanted to know why congress has a record low approval rating, all you had to do was watch the circus on capitol hill today. outgoing secretary of state hillary clinton testified before senate and house committees today about the attack on the u.n. consulate in benghazi, libya. the committee members already have access to the full accountability review board report on the attack, as well as classified intelligence reports. secretary clinton has repeatedly taken responsibility for state department fa
we're going to do, we're going to pass a three or four-month extension of the debt ceiling. then we're going to get into a fight on the sequester and hold the line of the sequester. this is a promise the leadership is making to us. as long as they keep that promise i think many conservatives will be ok with that. then when we get to the debt ceiling fight we're going to ask for at a minimum the one--- the one-for-one cuts that come from the boehner rule for any long-term debt ceiling extension system of if we look at that, it means that in 10 to 15 years, with very little help from the democrats, we can achieve a balanced budget which is much better than even the 23- to 27 -- better than the 23 years to 27 years and obviously better than the never balancing budget obama and the democrats have proposed for the last four years. so you look at all the data out there. all the public opinion polls say that the american people think we're spending too much money. that the american people think that we are taxing too much. but the problem is that as republicans, i think this goes to what r
not raise the debt ceiling. especially in the absence of changing the way we do business here, starting with the approval of a the budget. it is thought to be compassionate to spend money that is not yours that is the next-generation? for our country to have growth and economic opportunity, there is no question that it is a drag on that opportunity. we have a chance to right this wrong. >> is on the senate budget committee and i can tell you that the most disappointing part is it about not doing a budget for this country in the senate. it is incredibly disappointing and it blows my mind that the senate democrats have not been willing. senators have talked about the fact that the ipad is in existence. most of my life we have not had a budget and prioritizing spending. when i think about that, i know it is about him. because we can do a budget for this company and we can't prioritize benning have a fiscal blueprints make sure that we get ourselves on the responsible path, it is about all of us, my son, every child in this nation, what future and opportunities they will have in this great
the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfast at a restaurant he
performance for dind. >> divide more defensive. it protects on the down side. we do get the debt ceiling as a pullback, our fund will do well. in that growth market, we'll tend to lag performance. we'll still participate, but not to the same extent. >> bob, thanks for joining us. >> thanks, david. >>> when we come back, looking to escape from the daily grind of the city. robert frank takes you to a private island 15 minutes from manhattan. it could be yours if you've got something close to $20 million. back in a couple of minutes. [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> the financial elite are meeting at the economic forum in davos, switzerland, this week. jamie dimon sat down with our own maria bartiromo. we have more on that interview. maria? >> hi there, melissa. that inte. >> this morning i moderated a panel and it was a big debate on how the financial services sector will evolve. people like axel weber, who you will hear from later on "the closing bell." basically believes
, rich writes, how can you determine how much you will need to increase the debt ceiling without a budget? how do we understand that riddle? >> that is exactly correct. a budget process engages the entire senate, and the united states people in a national discussion of how much taxes, how much spending, how much debt we're going to be able to have and get by and do. and so that is really, really critical, and that process has been gone for four years. we are stumbling from crisis to crisis, secret meeting after secret meeting and secret group after secret group, it has not worked. we ned a public discussion. then we layout how much we're going to spend and how much we are going to tax. bill: doesn't the law say that you have to have a budget? >> bill, it explicitly in the united states code passed in 1974 the senate and the house should pass a budget by april 15th. it should be in the committee marked up by april 1st. those have not been done. and it's just been a direct violation of law. and i've been as you know a big critic of that. it's unthinkable. bill: from new york i've heard you
's scratching their heads. and now with the possibility of having the debt ceiling extension out to may, what you're going to see now is traders and other people that have positioned themselves to sell short-term volatility and buy it out to march. especially in the vix. now that's going to get rolled out to april, to may. you'll see this continued complacency. and when i say complacency, i don't think that's a bad thing. but the continued complacency in kind of this area of low volatility. that's just going to get extended out now. we get a couple more big earnings or good earnings surprises. and say apple comes out today with -- with some good guidance, we could see the vix call to the 11 handle which is really -- that's almost unprecedented. >> continued complacency, but the news of earnings is pushing forward? you can't fight the trend? >> no, you can't. what i'm seeing is traders especially that have wanted to be short or traders that have been buying, you know, upside calls in the vix, they're almost ready to throw in the towel. it's almost -- i don't. to say a capitulation, but guys do
this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney i'm not going away. tell me. >> certainly was a little different. he came in to toub this weekend for the alfalfa dinner. we hadn't seen a lot from mitt romney since he lost in november. he to told donors that it was purposeful. he is not going anywhere. he will be active in 2013 and 2014s and in terms of 2016. although some sources said his personal ambition for public office are over. >> good to see you both today. thank you so much. >> thank you, t.j. >>> to the weather, the midwest is facing an ice threat. winter storm is dropping snow and freezing rain expected to bring icy conditions. power outages and travel delays. weather channel meteorologist mike seidel is in iowa. how bad is this going to be? >> reporter: i
that are important to you. now republicans dealing with fiscal cliff and debt ceiling and sequestration -- the average family in this country lives with debt. quite a bit of that. they do not look at that as a bad thing. it is what enables them to own a home. to send a kid to college. to buy a car. to start a business. to have a credit card that lets them go out to dinner once or twice a month. go on a family vacation. i do not think that makes them take. it makes them live their lives responsibly. they have jobs. to say, that is a four letter word. you can't turn that into chileans. his whole thing about job creators, that is fine. republicans on that space now. later contentment cannot most americans right now are neither job creators nor job seekers. the vast majority of households in this country are jobholders. not job creators. what was the message exactly? i do not know, and i paid attention. i know what the message should be to them. my household has two or three jobs, we are not worried about losing our jobs. the jobs bill longer enough. when you are a kid and your father had a
washington and that is what are we going to do about raising the debt ceiling. the republicans decided earlier today that they will do that and they're going to introduce legislation to do it on wednesday. we got a few more details now. they will extend the debt ceiling to may 19, to go to may 19. but if congress does not get a budget done by april 15, i believe it is, then congress' salary will be held in abeyance. in other words, they won't get paid unless they can agree on a budget. so there's a lot of politics in this but i think this would be seen as a good sign that maybe they are going to at least get past this which would have been just a destructive and largely a waste of time when they should be getting on to other things and make the arguments about what we're going to spend the money on, not whether we pay the bills for things we've already purchased. so i think this is probably the best news we've heard today. >> pelley: the president met with the republican leadership at the white house today before he came up there. looks like there's a lot of effort going on by the pres
the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >> the democratic controlled senate is expect to do approve the debt bill. it has not pass add budget in four years. >> phil mickelson wasn't talking about his guolf game. he was teeing off over another apology about his tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods mo
, spending that we should do, and forget about the debt ceiling guess what we could go to work and have about 3% unemployment. how does that affect sound? >> bill: i don't know. it sounds to me like you ought to run the next time around. you've got it down. absolutely. >> that's good program, a good plan. if president obama follows that plan. >> have a good time tonight, be careful, bill. >> all right ike. we will have to be more careful than last time we were in charleston south carolina. >> uh-huh. >> good to hear. >> he is on top of it. >> he knows what he is talking about. >> one of the few people in south carolina. >> we ought to send him over to see lindsey graham. ann calling from irvington, new jersey. >> good morning, bill. how are you >> bill: good. >> caller: nice to see you. listen, i want the president to stand firm and keep up the good work and hopefully everything will be good for him in his second term, but especially immigration reform and gun control. he cannot let the republicans make him, you know -- he has to be firm. >>
that the substance matters here. the republicans knew they couldn't fight president obama on the debt ceiling. they should have just extended it sbeerly. i think there are some republicans who learned some lessons who broke with the party to vote with aid for the victims of hurricane sandy. so i think this sort of meeting is sort of the top line of people wanting to say it's just organization. but i think below that, there are republicans who know their problems run deeper. >> i don't doubt that, but i think that the bad signal is, for example, how are you going to say you're going to have change re-elect the same chairman in reince priebus, who we learned this week, had clint east wo east's empty chair in his office. to have that as some symbol that you want to recognize other than if you use an example to show how you lost an election, how dumb we could be. i mean, what -- can you re-e lek elect this guy's chair? >> look, we are in a two-party system. but the parties recon fizz your themselves. so, for example, there was ultimately a moment when the party shifted and where those democrats h
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